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Nonprofiteer
← OKLAHOMA NATIVE ASSETS COALITION INC

Form 990 for tax year 2023

Filed by OKLAHOMA NATIVE ASSETS COALITION INC.

Totals

Total revenue
$1,040,073
Total expenses
$844,388
Contributions and grants received
$967,192
Grants paid
$494,108
Program service revenue
$0
Investment income
$66,685
Other revenue
$6,196
Total assets, end of year
$2,778,913
Total liabilities, end of year
$12,120
Net assets or fund balances, end of year
$2,766,793
Program services expenses (Part IX)
$721,489
Management and general expenses
$106,999
Fundraising expenses
$15,900
Program service expenses (Part III)
$721,489

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $350

  • 1f · All other contributions, gifts and grants

    $966,842

  • 3 · Investment income

    total $66,685 · excluded $66,685

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $6,196 · excluded $6,196

  • 11e · Other revenue, total

    $6,196

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $245,000 · program services $245,000

  • 2 · Grants to domestic individuals

    total $249,108 · program services $249,108

  • 5 · Compensation of officers, directors and key employees

    total $115,931 · program services $81,315 · management and general $28,541 · fundraising $6,075

  • 7 · Other salaries and wages

    total $25,169 · program services $17,654 · management and general $6,196 · fundraising $1,319

  • 10 · Payroll taxes

    total $32,556 · program services $22,835 · management and general $8,015 · fundraising $1,706

  • 11c · Fees: accounting

    total $22,701 · management and general $22,701

  • 11f · Fees: investment management

    total $10 · management and general $10

  • 11g · Fees: other

    total $117,541 · program services $97,644 · management and general $13,097 · fundraising $6,800

  • 12 · Advertising and promotion

    total $1,369 · management and general $1,369

  • 13 · Office expenses

    total $1,457 · management and general $1,457

  • 17 · Travel

    total $6,162 · management and general $6,162

  • 19 · Conferences, conventions and meetings

    total $380 · management and general $380

  • 23 · Insurance

    total $10,516 · management and general $10,516

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $8,140 · program services $7,933 · management and general $207

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,585 · management and general $7,585

  • 24c · Other expenses: PRINTING AND PUBLICATIO

    total $695 · management and general $695

  • 24d · Other expenses: FILING FEES

    total $68 · management and general $68

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,700,807 · end of year $1,778,913

  • 2 · Savings and temporary cash investments

    beginning of year $672,777 · end of year $806,698

  • 12 · Investments: other securities

    beginning of year $177,224 · end of year $193,302

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,813 · end of year $12,120

  • 27 · Net assets without donor restrictions

    beginning of year $1,576,984 · end of year $1,736,054

  • 28 · Net assets with donor restrictions

    beginning of year $960,011 · end of year $1,030,739

Mission and programs · 2023

Mission

THE ORGANIZATION ASSISTS IN THE DEVELOPMENT AND SUPPORT OF A NETWORK OF NATIVE PEOPLE WHO ARE DEDICATED TO INCREASING THE SELF-SUFFICIENCY AND PROSPERITY OF THEIR COMMUNITIES. THIS IS BEING ACCOMPLISHED THROUGH COMPREHENSIVE FINANCIAL INITIATIVES.

  • THE ORGANIZATION ADMINISTERS SEVEN PROGRAMS: 1) NATIVE ASSET BUILDER PROFESSIONAL DEVELOPMENT AND PROGRAM DEVELOPMENT (INCLUDING NATIVE BANK ON ONAC/NATIONAL GET BANKED INDIAN COUNTRY CAMPAIGN, FINANCIAL EDUCATION TRAIN-THE-TRAINERS, MULTIPLE NATIVE ASSET BUILDING RESEARCH PAPERS AND PRESENTATIONS, THE NATIONAL NATIVE EITC/VITA NETWORK, AND FUNDING OF BANK ON ACCOUNTS), 2) MINI GRANTS AND LARGER GRANTS TO FUND NATIVE ASSET-BUILDING PROJECTS, 3) ESTABLISHING AND FUNDING EDUCATIONAL SAVINGS ACCOUNTS FOR AMERICAN INDIAN AND ALASKA NATIVE CHILDREN, 4) FUNDING EMERGENCY SAVINGS ACCOUNTS FOR NATIVE FAMILIES, 5) CASH ASSISTANCE INCENTIVES FOR NATIVE FAMILIES BUILDING AND REPAIRING CREDIT AND PURCHASING A HOME, 6) ONE-ON-ONE FINANCIAL COACHING, AND 7) DOWN PAYMENT ASSISTANCE. IN 2023, THE ORGANIZATION SERVED AN ESTIMATED 15,329 CONSTITUENTS WITH THE NATIVE ASSET BUILDER PROFESSIONAL DEVELOPMENT PROGRAM, MINI GRANTS, SUPPORT OF NATIVE VITA PROGRAMS, CHILDREN'S SAVINGS ACCOUNTS, EMERGENCY SAVINGS ACCOUNTS, CASH ASSISTANCE INCENTIVES, BANK ON INCENTIVES, FINANCIAL COACHING, AND DOWN PAYMENT ASSISTANCE.

    Expenses $721,489 · Grants $494,108

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHRISTINA FINSEL

    PRESIDENT

    Total calculated
    $192,781
    From this org
    $192,781
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $192,781
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $192,781

  • ANNA KNIGHT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA LOGSDON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KELLY BRAME

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTY ESTES

    TREASURER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
12 July 2024
IRS schema version
2023v5.1
Source object
202441949349300629

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